If you were looking for an answer to why corrupt con man and pathological liar Donald "COVID Donnie" Trump has been so solicitous of Chinese President Xi, you could start with the fact that the Trump Organization owes the state-owned Bank of China $211 million in loans, due to be paid back in 2022. From the linked article:
"In 2012, his real estate partner refinanced one of Trump’s most prized New York buildings for almost $1 billion. The debt includes $211 million from the state-owned Bank of China — its first loan of this kind in the U.S. — which matures in the middle of what could be Trump’s second term, financial records show.
Steps away from Trump Tower in Manhattan, the 43-story 1290 Avenue of the Americas skyscraper spans an entire city block. Trump owns a 30 percent stake in the property valued at more than $1 billion, making it one of the priciest addresses in his portfolio, according to his financial disclosures."The arrangement with the Bank of China....has gone largely unnoticed," thanks to our broken, horse race touting Beltway media.
Trump’s ownership of the building received a smattering of attention before and after his 2016 campaign. But the arrangement with the Bank of China — and its impending due date in 2022 — has gone largely unnoticed." (our emphasis)
This deal makes Trump a major debtor to a bank controlled by a foreign adversary. It also blows up his campaign's attack line about former VP Joe Biden's son Hunter profiting from business in China due to his father's position (hilarious, considering Ivanka "Made In China" Trump's grifting, not to mention her hubby Master Jared's grab for China's money).
If the Biden campaign, Dems and their allies don't beat the drums on this issue, it'll be political malpractice.
(photo: Reuters / K. Lamarque. "Thanks for the loan. Now how can I help you?")
